Autohome Inc. (ATHM) Cut to “Hold” at BidaskClub
Autohome Inc. (NYSE:ATHM) was downgraded by investment analysts at BidaskClub from a “buy” rating to a “hold” rating in a research note issued on Friday.
Other equities analysts also recently issued reports about the stock. Zacks Investment Research raised shares of Autohome from a “hold” rating to a “buy” rating and set a $51.00 price target on the stock in a research note on Monday, July 10th. Benchmark Co. raised shares of Autohome from a “hold” rating to a “buy” rating and set a $65.00 price target on the stock in a research note on Thursday, August 10th. Deutsche Bank AG raised shares of Autohome from a “hold” rating to a “buy” rating and raised their price target for the stock from $36.00 to $65.00 in a research note on Thursday, August 10th. ValuEngine downgraded shares of Autohome from a “buy” rating to a “hold” rating in a research note on Thursday, August 10th. Finally, Credit Suisse Group started coverage on shares of Autohome in a research note on Tuesday, October 3rd. They issued an “outperform” rating and a $70.80 price target on the stock. One research analyst has rated the stock with a sell rating, two have given a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Autohome presently has an average rating of “Buy” and an average target price of $63.36.
Shares of Autohome (NYSE:ATHM) traded up 1.86% during mid-day trading on Friday, hitting $56.95. 580,151 shares of the stock traded hands. The company has a market cap of $6.61 billion, a P/E ratio of 29.31 and a beta of 2.16. Autohome has a 12 month low of $22.07 and a 12 month high of $67.69. The firm has a 50 day moving average of $61.80 and a 200 day moving average of $50.38.
Autohome (NYSE:ATHM) last posted its quarterly earnings results on Wednesday, August 9th. The information services provider reported $0.65 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.51 by $0.14. The firm had revenue of $230.40 million for the quarter, compared to the consensus estimate of $209.49 million. Autohome had a net margin of 23.17% and a return on equity of 22.64%. The company’s revenue for the quarter was up 11.1% on a year-over-year basis. During the same period last year, the firm posted $0.51 earnings per share. Equities analysts anticipate that Autohome will post $2.41 EPS for the current fiscal year.
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Hedge funds have recently modified their holdings of the business. Investec Asset Management LTD raised its stake in Autohome by 20.9% during the second quarter. Investec Asset Management LTD now owns 1,989,109 shares of the information services provider’s stock worth $90,226,000 after purchasing an additional 343,427 shares during the period. Andra AP fonden purchased a new position in Autohome during the second quarter worth about $2,477,000. BlackRock Inc. raised its stake in Autohome by 1,380.8% during the second quarter. BlackRock Inc. now owns 4,473,958 shares of the information services provider’s stock worth $202,938,000 after purchasing an additional 4,171,817 shares during the period. Profund Advisors LLC purchased a new position in Autohome during the second quarter worth about $264,000. Finally, Bank of Montreal Can raised its stake in Autohome by 520.9% during the second quarter. Bank of Montreal Can now owns 35,607 shares of the information services provider’s stock worth $1,615,000 after purchasing an additional 29,872 shares during the period. 40.71% of the stock is currently owned by institutional investors.
Autohome Inc is an online destination for automobile consumers in China. The Company is engaged in the provision of online advertising and dealer subscription services in the People’s Republic of China (PRC). The Company, through its Websites, autohome.com.cn and che168.com, and mobile applications, delivers content to automobile buyers and owners.
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